Gold Spot / U.S. Dollar

Long

Updated

XAU USD long idea as DXY comes back

stop is daily close.

Note

so looks like we finally have a break out, but actuall I expect one more touch to the consolidation :

snapshot

Note

More interestingly, once again, we can confirm that as people are trying to hedge influation, they're changing their preference between XAU/USD and BTC/USD :

snapshot

Note

if we zoom in, here's the possible retrace points :
the green band,
the red line below it.

snapshot

Note

this level should hold and wont let us go below 1808 :

snapshot

Note

update :

snapshot

Trade closed: target reached

snapshot

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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.